On The Web

nbsp;

Use

9mobile, Others Parley on Deepening Financial Inclusion

January 5 2021

• in
• Financial Inclusion

“As part of efforts to promote and deepen financial inclusion among the unbanked and underbanked population in Nigeria, 9mobile, Sanef, Ecobank and other stakeholders in the financial sector have discussed actualising the cashless vision of the Central Bank of Nigeria. According to a statement issued on Monday, this was at the virtual forum series, organized […]

nbsp;

Use

Use it or lose it: Gift cards could become worthless if the issuer goes bankrupt

January 4 2021

• in
• Closed loop prepaid

“If you received a gift card for Christmas, first thank the giver, then use it. Fast. Many companies that issue gift cards — such as retailers, restaurants, movie theaters, gyms and spas — have been hard hit by pandemic shutdowns and are closing in large numbers. The number of retailers filing for bankruptcy in 2020 […]

nbsp;

Use

Sens. Brown, Warren and Smith Question FDIC’s ‘Alarming Move’ to Remove ‘Underbanked’ From Report

December 24 2020

• in
• Financial Inclusion

“Key Democratic senators in the banking policy realm are pressing the Federal Deposit Insurance Corp. on the exclusion of the term “underbanked” from an agency report, a decision they say makes it difficult to understand a group of financially vulnerable people, and may have been driven by “political considerations.””

nbsp;

Use

Access Bank Unveils ‘Closa Agents’ to Capture Nigeria’s Unbanked and Underbanked Segments

December 23 2020

• in
• Financial Inclusion

“Access Bank Plc has empowered and inaugurated more than 50,000 agents to provide financial services to customers across the country during the Yuletide.”

nbsp;

Use

Serving the Underbanked

December 23 2020

• in
• Financial Inclusion

“If you are underbanked you probably have limited access to mainstream financial services normally offered by retail banks. According to FDIC research, nearly one-quarter of the country is unbanked or underbanked and COVID-19 threatens to draw more into this consumer category. Many fintech startups offer alternative ways to measure credit risk, and assert that their […]

nbsp;

Regulation

UK Watchdog Bans Klarna Covid Shopping Advert

December 23 2020

• in
• Installment payments

“The UK’s advertising watchdog has banned an Instagram influencer campaign by Klarna for “irresponsibly” encouraging customers to use the “buy now, pay later” service to cheer themselves up during the pandemic. The Swedish firm has taken online shopping by storm over the past couple of years and its model, which allows staggered payments for products […]

On The Wires

nbsp;

Use

Blackbird and AeroPay Announce Strategic Partnership to Bring Cashless Payments to Cannabis Businesses for Online Ordering

January 19 2021

• in
• Cannabis payments

“Blackbird, a cannabis software and delivery company, and AeroPay , a leading financial technology company that provides payment processing solutions to the cannabis industry, announced a strategic partnership to bring cashless payments to cannabis businesses for online ordering. The partnership includes an integration of AeroPay’s payments platform into Blackbird’s white-labeled dispensary menus and the BlackbirdGo […]

nbsp;

Deals

Relay Payments Raises $43 Million in New Funding to Transform Transportation Payments

January 12 2021

• in
• Supply chain

“Relay Payments, a fintech company operating in the logistics space, today announced it has raised $43M in funding over the last six months as it continues to transform the payment process within the supply chain industry.”

nbsp;

Use

Shift4 Payments and Sightline Payments Announce Strategic Partnership to Power Online Gaming and Betting for Casinos and Sports Venues

January 7 2021

• in
• Gaming

“Shift4 Payments (NYSE: FOUR), the leading provider of integrated payment processing technology, and Sightline Payments , the leader in cashless gaming and betting solutions, today announced a strategic partnership to power online gaming and sports betting for casinos and sports venues. This formal partnership between two leading fintech companies will deliver a seamless payment experience […]

nbsp;

Use

ICICI Bank Canada Visa* Debit Card Launched

December 23 2020

• in
• Cannabis payments

“ICICI Bank Canada today announced the launch of a debit card. Named, ‘ICICI Bank Canada Visa Debit Card’, it offers customers an unparalleled benefit of online shopping, purchasing at millions of retail outlets across the world and making quick contactless payments at Point of Sale (PoS) machines across Canada. This card also empowers customers to […]